The objective of the Fund is to provide a combination of capital growth and income over the medium to long term (over 5 year rolling periods) which matches the performance of the MSCI ACWI IMI Index, less fees. The Fund will seek to gain exposure to equities (90% - 100%) by investing in a mixture of index-tracking instruments and exchange traded funds, including but not limited to funds traded on a stock exchange that track an index. The Fund will also hold cash/cash equivalents to maintain liquidity and may also have exposure to cash indirectly via other collective investment schemes (including those managed or operated by the ACD). The Fund will invest in other collective investment schemes that may use derivatives for investment purposes.